Obtained via records request by IndyStar, the contract — which took effective March 25 and runs through March 2024 — will pay Miller an average of $3.35 million per year. Given his program's performance on the court, in the classroom and even in scheduling, that number could rise above $4 million, thanks to more than $1 million in potential bonuses.

Miller's guaranteed compensation, which is comprised of yearly base pay ($550,000), outside, marketing and promotional income ($1.65-1.95 million annually) and deferred compensation ($1 million annually) immediately makes him one of college basketball's 10 highest-paid coaches.

Outside, marketing and promotional income will start at $1.65 million this season, and increase automatically each year by $50,000 through the life of the contract.

Thus, guaranteed compensation for next season right now stands at $3.2 million, which would rank Miller the eighth highest-paid college coach in the country among those who participated in last year’s NCAA tournament, ranking just behind Michigan's John Beilein, according to the most recent figures obtained by USA Today.

But a series of bonuses, including $25,000 for NCAA tournament qualification, $125,000 for good academic performance and more, would see Miller quickly climb the national pay scale, relative to his peers. A full list of potential bonuses:

>> $125,000 for a multiyear Academic Progress Rate score greater than or equal to 950.

>> $125,000 for any nonconference schedule that, when finalized, does not include more than one regular-season opponent with an RPI rating of 300 or above, with ratings determined by the previous season's final number, per espn.com.

Terms of the contract suggest Miller could only qualify for coach-of-the-year bonuses once per season (i.e. he would not receive a double bonus for being named Big Ten Coach of the Year by the conference coaches and media).

The total value of all built-in bonuses is $1.035 million.

Should Miller leave before the end of the contract, he would owe the university 100 percent of his remaining salary (base pay, outside, marketing and promotional income, and deferred compensation) through March 31, 2019, 50 percent of his remaining salary for one year after that, $1 million for the next two years after that, and $500,000 in either of the final two years of the deal.

In the event IU wished to buy out Miller's contract, it would owe him 100 percent of his remaining salary before March 31, 2022, and 50 percent of his remaining salary thereafter, through the life of the contract.

Miller will also receive traditional, secondary benefits, like an annual $10,000 product allowance from Adidas, the right to run summer camps within team facilities and other minor incentives.

According to a June 2016 report in the Dayton Daily News, Miller's total compensation clocked in at $1,160,390 following the 2013-14 season. As a private institution, Dayton is not governed by open records laws and thus is not required to share employment contracts publicly.

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Indiana University men's basketball coach Archie Miller scouts the talent during their Elite Youth Basketball League game Saturday, April 29, 2017, afternoon at the Jonathan Byrd's Fieldhouse at Grand Park in Westfield. Matt Kryger/IndyStar

New Indiana NCAA college basketball coach Archie Miller answers a question during a news conference on the court in Assembly Hall after he was introduced in Bloomington, Ind., Monday, March 27, 2017. Miller was the head coach at Dayton. Michael Conroy, AP

New Indiana NCAA college basketball coach Archie Miller waves as he's introduced at a news conference on the court in Assembly Hall after he was introduced in Bloomington, Ind., Monday, March 27, 2017. Michael Conroy, AP

A welcome sign as spectators watch as Archie Miller, new head coach of Indiana University's men's basketball team, is introduced in Assembly Hall, Bloomington, Monday, March 27, 2017. Robert Scheer/IndyStar

Todd Reid, Bloomington (right), gets the first signature from Archie Miller after he was introduced as the new men's basketball coach in Assembly Hall, Bloomington, Monday, March 27, 2017. Robert Scheer/IndyStar

Archie Miller, new head coach of Indiana University's men's basketball team, talks on the phone in an upper level at Assembly Hall, Bloomington, Monday, March 27, 2017. Earlier, he was introduced as the new Hoosiers coach. Robert Scheer/IndyStar